Is Royal Dutch Shell Stock a Buy?
Today Royal Dutch Shell (NYSE: RDS.B) is one of the largest oil and natural gas companies on Earth. In the future, however, it hopes to transition along with the rest of the world and become a major global supplier of clean energy. Getting from here to there is going to be expensive. Is it worth it for investors to go along for the ride?
The global energy industry has been struggling for several years to balance supply and demand, thanks largely to increasing production from the onshore U.S. oil and gas sector. This set the stage for a disastrous 2020, as the economic shutdowns used to slow the spread of the coronavirus led to a sudden and massive drop in demand. Oil and gas prices plunged, with key U.S. benchmark West Texas Intermediate actually dipping briefly below zero.
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Source Fool.com
